Very nice! I would like to see how it looks installed on your MGC M4A1. Great to see what you can do if you have the skills and the tools, as well as some patience.
I know that the receiver extension ("buffer tube") design MGC uses is different from the real one, so you can't install a real one.
As a side note: the mil spec buffer extensions Colt uses still have the straight back and 4 holes for stock ajustment. But 6 holes allow a better stock ajustment.